President Trump announced a 90-day pause on reciprocal tariffs for all countries except China. The pause also includes an immediate 10% reduction in reciprocal tariffs. Tariffs directed towards China, however, were increased to 125%, which raises concerns as both nations escalate their tariff responses.

Following the announcement, the S&P rose by 6%, the Nasdaq gained 9%, and the Dow also increased by 6%.

Relevant Sources:

Trump Announcement: truthsocial.com